FalconStor Software, Inc. (NASDAQ:FALC) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday, September 11th.
Shares of FalconStor Software (NASDAQ:FALC) traded down 31.9556% during midday trading on Monday, reaching $0.3062. The company’s stock had a trading volume of 2,139,233 shares. FalconStor Software has a 52 week low of $0.14 and a 52 week high of $1.10. The firm’s market capitalization is $13.65 million. The firm’s 50 day moving average is $0.34 and its 200 day moving average is $0.32.
FalconStor Software (NASDAQ:FALC) last announced its quarterly earnings results on Thursday, August 10th. The software maker reported ($0.02) earnings per share for the quarter. The firm had revenue of $6.73 million for the quarter. Equities analysts forecast that FalconStor Software will post ($0.18) EPS for the current fiscal year.
In other news, major shareholder Esw Capital, Llc acquired 1,382,884 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average price of $0.37 per share, with a total value of $511,667.08. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 23.40% of the stock is currently owned by insiders.
An institutional investor recently raised its position in FalconStor Software stock. Virtu KCG Holdings LLC grew its position in FalconStor Software, Inc. (NASDAQ:FALC) by 1,043.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 408,350 shares of the software maker’s stock after buying an additional 372,624 shares during the quarter. Virtu KCG Holdings LLC owned 0.92% of FalconStor Software worth $106,000 as of its most recent SEC filing. 19.61% of the stock is owned by institutional investors and hedge funds.
FalconStor Software Company Profile
FalconStor Software, Inc is a Software-Defined Storage (SDS) company offering a converged data services software platform. The Company’s platform FreeStor, allows information technology (IT) organizations minimize and eliminate that complexity with the delivery of migration, continuity, protection, recovery and optimization for any storage environment through a management interface for a price based on managed capacity across arrays, servers, hypervisors, data centers, and the cloud.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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